Mukesh Gandhi buys a property worth more than 0.5 billion in Khar

27 Jul 2022 CW Team

Mukesh Gandhi, former Angel Broking director, most recently paid S Raheja Realty more than $ 0.5 billion for an opulent duplex home in Mumbai's Khar district.

Gandhi remains a significant shareholder in Angel One, the publicly traded company of Angel Broking, with a nearly 6% stake. The deal values the 5,555-square-foot apartment at more than $ 900 billion per square foot.

The apartment is located on the upper floors of the luxurious Newlight project, a 16-story building made up of two residential towers with a combined 12 storeys, each with 4 levels of platform parking and lifestyle amenities. The project has a total development area of about 200,000 square feet.

The buyer will also have access to 10 parking spaces within the building as part of the deal. The buyer has paid stamp duty in the amount of about Rs. 2.5 crore since the transaction was completed and registered on July 14.

Gandhi joins the group of those involved in stock market operations, which also includes Motilal Oswal and Radhakishan Damani, who have recently purchased expensive homes.

One of these direct transactions took place last year when billionaire investor and founder of Dmart Damani paid 1,001 crore for a bungalow in the affluent Malabar Hill neighborhood of South Mumbai. Damani purchased the property along with his younger brother, Gopikishan Damani. This was the third significant property transaction Damani had made at the beginning of 2021.

For $462.9 billion, Ramdev Agarwal, a stock market investor and the co-founder and chairman of the Motilal Oswal Group, purchased a luxurious duplex flat with a view of the ocean for his family.

Since September 2020, when the state government announced a limited window stamp duty cut, Mumbai, the nation's largest and most costly real estate market, has been setting new benchmarks and records with regard to property transactions.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Mukesh Gandhi, former Angel Broking director, most recently paid S Raheja Realty more than $ 0.5 billion for an opulent duplex home in Mumbai's Khar district. Gandhi remains a significant shareholder in Angel One, the publicly traded company of Angel Broking, with a nearly 6% stake. The deal values the 5,555-square-foot apartment at more than $ 900 billion per square foot. The apartment is located on the upper floors of the luxurious Newlight project, a 16-story building made up of two residential towers with a combined 12 storeys, each with 4 levels of platform parking and lifestyle amenities. The project has a total development area of about 200,000 square feet. The buyer will also have access to 10 parking spaces within the building as part of the deal. The buyer has paid stamp duty in the amount of about Rs. 2.5 crore since the transaction was completed and registered on July 14. Gandhi joins the group of those involved in stock market operations, which also includes Motilal Oswal and Radhakishan Damani, who have recently purchased expensive homes. One of these direct transactions took place last year when billionaire investor and founder of Dmart Damani paid 1,001 crore for a bungalow in the affluent Malabar Hill neighborhood of South Mumbai. Damani purchased the property along with his younger brother, Gopikishan Damani. This was the third significant property transaction Damani had made at the beginning of 2021. For $462.9 billion, Ramdev Agarwal, a stock market investor and the co-founder and chairman of the Motilal Oswal Group, purchased a luxurious duplex flat with a view of the ocean for his family. Since September 2020, when the state government announced a limited window stamp duty cut, Mumbai, the nation's largest and most costly real estate market, has been setting new benchmarks and records with regard to property transactions. See also: Real estate investors are placing large bets on holiday homes K Raheja, Aditya Shagun tie up for 0.5 mn sq ft development in Pune

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..